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  • Monthly Archives: May 2012

    Tax Cuts Stimulate Sweden

    stockholm-sweden

    Since the beginning of the recession, academics, authoritative international institutions, and most government officials pushed for massive stimulus spending. Sweden bucked the trend, focusing instead on slashing marginal tax rates and peeling government back. How did it fare? The Spectator reports: While most countries in Europeborrowed massively, Borg did not. … More

    Morning Bell: Stopping the Largest Tax Hike in History

    money-pile

    The largest tax hike in history is due to strike the United States on January 1, 2013. Known as “Taxmageddon,” it would impose $494 billion in higher taxes on the American people in the first year. So terrible would be its impact that yesterday Fed Chairman Ben Bernanke warned Senate … More

    Trans-Pacific Partnership: Old Fallacies Return

    shipping

    With negotiations over the Trans-Pacific Partnership (TPP) between the U.S. and eight other countries set to resume this week in Dallas, opponents are dusting off the same old discredited arguments against international trade. In a recent Huffington Post article, Leo Hindery of the New America Foundation dismissed the TPP as … More

    U.S. Missile Defense Program: Marching Forward

    A Standard Missile-3 (SM-3) is launched from the Aegis-class guided missile cruiser USS Lake Erie (CG 70), during a joint Missile Defense Agency, U.S. Navy ballistic missile flight test.

    Yet again, critics of the U.S. missile defense program have been proven wrong. On Wednesday, the U.S. Navy conducted a successful test of its Aegis ballistic missile defense system using its newest ballistic missile defense interceptor, the Standard Missile-3 (SM-3) Block IB. The interceptor, developed by the Raytheon Company, was … More

    Post Office Closures: NIMBYism Wins

    Photo credit: Newscom

    Yesterday, faced with stiff congressional opposition to its plan to close over 3,600 post offices, the U.S. Postal Service (USPS) blinked. It was hardly a profile in courage on either side, with Members of Congress unable to resist the reverse NIMBYist urge to protect their local post offices at all … More

    The FOCUS Act Hearing: When Silence Is an Admission

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    The law sometimes reflects common sense.  Consider this example:  Innocent people don’t remain silent when accused of a crime or misconduct; they deny it.  Accordingly, it is reasonable to infer that such an accusation is true if someone doesn’t scream, “Not me.  I didn’t do it.”  In the law that … More

    Russian Roulette at Voice of America

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    Depending on Russian government-funded media to broadcast news from Voice of America (VOA) is about as brain-dead as depending on Russian spaceships to send American astronauts into space or depending on Russian fuel supply for the U.S. ground and air forces in Afghanistan. The outcome will surely not be in … More

    Speaker Boehner Plans to Stop Taxmageddon Train Wreck

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    House Speaker John Boehner (R–OH) announced yesterday that the House is gearing up to vote prior to the November election on extending all of the tax provisions scheduled to expire at the end of the year. This is welcome news, given the necessity of swiftly steering this tax policy train … More

    Obama Keeps Recycling Failed Tax Policies

    Obama-5-10-12

    There he goes again. It seems that President Obama just can’t help himself. He keeps pushing Congress to pass policies it has rejected in the past or has foolishly passed to little beneficial effect. The latest recycling of policies comes from the President’s Post-It note to-do list for Congress. If … More

    Panetta Credits Trent Lott With Advancing Push for LOST Ratification

    Lott, Trent, Senator

    Scribe first reported that former Senate Majority Leader Trent Lott (R-MI) is now lobbying for corporate and environmental interests on behalf of the U.N. Convention on the Law of the Sea, also known as the Law of the Sea Treaty (LOST). His lobbying efforts stand in stark contrast to his … More